Kirkland & Ellis is advising Owens & Minor, Inc. (NYSE: OMI) on a definitive agreement to acquire Rotech Healthcare Holdings, Inc, a privately held home-based care business headquartered in Orlando, Florida, for $1.36 billion in cash. The transaction was announced July 23, 2024 and is expected to close by the end of 2024 subject to customary closing conditions. The acquisition will strengthen Owens & Minor’s patient direct product offerings through expansion across a complementary portfolio including the respiratory, sleep apnea, diabetes and wound care segments, and provides established access to the durable medical equipment market.
The Kirkland team was led by corporate partners Allie Wein and Eric Schiele and associates Dan Li, Kevin Akrong, Kruthi Venkatesh and Vera Wang; healthcare partners Dennis Williams, Lindsay Borgeson and Will Richmond and associates Caitlin Kierum, Brian King and Cooper Barghols; antitrust & competition partner Andrea Murino and associates Carolina Velarde and Domenico Pietromonaco; tax partners Thad Davis and Steven Cantor; debt finance partners Thomas Dobleman and Lee Discher and associate Negin Fatahi; capital markets partner Jennifer Lee; and executive compensation partners Stephen Jacobson and Katherine Nemeth.
